Analysis: Ethereum needs to continuously break through two key resistance levels to confirm trend reversal

According to AiCoin monitoring, the net outflow of US spot BTC ETF reached $158 million yesterday, the highest daily net outflow since March 13th. Among them, ARKB had the largest outflow of funds, reaching 87.4 million US dollars; Next is FBTC, with an outflow amount of 85.4 million US dollars. According to the "Spot BTC ETF Tracking" real-time trading strategy developed by AiCoin, there is a significant positive correlation between the inflow of ETF funds and BTC prices. Subscription indicators can be used to automatically place orders based on the flow of funds in the program. Data for reference only

The current ETH price fluctuates around 1870 in a 2-hour cycle, and the member specific chip distribution indicator shows that the recent support level is in the 1800 area, only 2.09% away from the current price. This indicates that the receiving force below is strong, and the main force may take advantage of this area to attract funds for a counterattack. Combined with the K-line pattern, the black three soldiers and belt catching lines alternate in the early stage, and although the market selling pressure is heavy, the downward momentum has weakened. The MACD bar chart continues to shorten, coupled with the KDJ dead cross signal, indicating that short-term pullback pressure is still present. But it is precisely near the key support level that the value of chip distribution is particularly prominent. Open a membership and seize the opportunity for precise bottom fishing! Open membership immediately, unlock key trends, and seize the opportunity! The data is sourced from the PRO member's [ETH/USDT Binance USDT perpetual 2-hour] candlestick, for reference only, and does not constitute any investment advice.

Odaily Planet Daily reported that six digital economy and trade organizations in the UK recently sent a letter to Varun Chandra, the Prime Minister's special advisor, calling on the government to appoint a special envoy for blockchain and cryptocurrency affairs and develop a dedicated action plan to promote investment, growth, and employment in the industry. The alliance pointed out that the United States has established a person in charge of cryptocurrency affairs under the Trump administration and increased investment in cryptocurrency policies. It suggested that the UK can seize global competitive opportunities and establish a leading position in the fields of digital assets and fintech by leveraging economic and trade agreements with the US in technology cooperation. In addition, the letter also suggests establishing a high-level coordination mechanism between government, industry, and academia, establishing exclusive guidance services to attract potential enterprises, and emphasizes that the government should attach importance to the collaborative potential between blockchain, quantum computing, and artificial intelligence technologies. The alliance believes that encryption and blockchain technology are expected to contribute £ 57 billion to the UK economy over the next decade and bring up to £ 1.39 trillion in global GDP growth. BitCompli co-founder Tom Griffiths stated on LinkedIn that despite the talent and planning of the Financial Conduct Authority (FCA) in the UK, the country is falling behind places like Dubai and Singapore. Now is a critical moment for FCA's actions to avoid missing out on the long-term development opportunities brought by digital assets. （Cointelegraph）

The current price of BTC is $84688.99, with a 1.98% increase in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 24 hours was 191 million US dollars, with multiple main liquidation orders and a BTC liquidation of 37.2 million US dollars (19.38%). The data is for reference only.

According to BeInCrypto, Geoff Kendrick, head of digital asset research at Standard Chartered Bank, stated in an interview that the trend of Bitcoin as an inflation hedge tool is strengthening. Kendrick pointed out that Bitcoin is highly correlated with the Nasdaq index in the short term. He claimed that Bitcoin may not only be an inflation hedge tool, but more like a replacement for technology stocks: "Rather than seeing Bitcoin as a hedge against traditional financial (TradFi) problems, it is better to see it as a technology stock. If we create a hypothetical index that adds Bitcoin to the 'Big Seven' technology stocks and excludes Tesla, we will find that our 'Big Seven+Bitcoin' (Mag 7B) index not only has higher returns, but also lower volatility